While the Federal Housing Administration cannot insure new Home Equity Conversion Mortgages during the government shutdown, existing HECM borrowers whose loans are being serviced by FHA continue to … more FHA Services Available During Government Shutdown
HUD
FHA Operations And Systems Availability During Government Shutdown
Due to the federal government shutdown, until further notice the Federal Housing Administration’s Office of Single Family Housing and its mortgage insurance program will be operating with limited … more FHA Operations And Systems Availability During Government Shutdown
Urban Institute Encourages FHA to Release Loan Level HECM Data
The Federal Housing Administration should release more loan-level data so that researchers can better understand the risk factors that lead to losses in the Home Equity Conversion Mortgage … more Urban Institute Encourages FHA to Release Loan Level HECM Data
Breaking News: FHA Increases HECM Lending Limit to $726,525
Beginning January 1, 2019 through December 31, 2019, the national lending limit for Home Equity Conversion Mortgages will increase to $726,525 from $679,650. Details were just announced in … more Breaking News: FHA Increases HECM Lending Limit to $726,525
FHFA Raises Conventional Loan Limit to $484,350; HECM Limit Still Unknown
This week, the Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, announced the 2019 conventional loan limit for single-family properties will be $484,350, an increase … more FHFA Raises Conventional Loan Limit to $484,350; HECM Limit Still Unknown
HECM Second Appraisal Protocols Become Automated Effective November 30
Today, the Federal Housing Administration announced in FHA Info #18-47 that effective tomorrow, Friday, November 30, 2018, the protocols that had been in place on an interim basis for … more HECM Second Appraisal Protocols Become Automated Effective November 30
NRMLA Board Member Discusses HECM With Housing Secretary Carson
Longtime NRMLA board member and Executive Committee Chairman Joe DeMarkey of Reverse Mortgage Funding LLC attended a recent “Stakeholder HUDdle” with senior officials from the Department of Housing … more NRMLA Board Member Discusses HECM With Housing Secretary Carson
MMI Fund Improving, but HECM Needs Further Attention
While changes made to the Home Equity Conversion Mortgage program in October 2017 are beginning to positively impact program performance, the Federal Housing Administration reported today in the … more MMI Fund Improving, but HECM Needs Further Attention
FHA Automates User ID Assignment Process for Mortgagees and Roster Appraisers
The Federal Housing Administration issued FHA Info #18-44 announcing that the FHA Connection system will automate its Application Coordinator User Identification (ID) assignment process beginning on November 9, … more FHA Automates User ID Assignment Process for Mortgagees and Roster Appraisers
HUD Announces Reverse Mortgage Loan Sales
The Department of Housing and Urban Development published a notice in the Federal Register announcing its intention to competitively offer multiple pools consisting of approximately 1,150 reverse mortgage … more HUD Announces Reverse Mortgage Loan Sales